Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
Risk assessment as well as the capacity to adopt a credible management plan have never been more crucial in an increasingly uncertain corporate world. The UCT’s Business Risk Management online course is intended to provide you with a comprehensive understanding of the developing area of Risk management.
According to Aon research, 51.8% of firms worldwide say risk management practices could be upgraded. The Business Risk Management Training teaches how to foster significant risk awareness inside an organization while also emphasizing the need for industry standards. The course teaches how to successfully use monitoring tools to provide genuine insight for the organisation.
An Aon report states that the top recognized risk for businesses across the industry is an economic downturn. The Business Risk Management syllabus teaches how to use corporate risk management systems to establish the severity of a risk and then analyze it using descriptive and analytical indicators. The course teaches students how to utilize a risk register to examine the profitability and resource management of all projects.
The Highlights
- Self-paced learning
- Downloadable resources
- Split option of payment
- University of Cape Town offering
- Course provider Getsmarter
- Endorsed by IRMSA
- Shareable certificate
- 7 hours per week
- Projects and assessments
- Online learning
- 10 weeks duration
Programme Offerings
- online learning
- video lectures
- Self-paced learning
- Live polls
- Offline resources
- quizzes
- Case Studies
- Infographics.
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | UCT Cape Town |
Business Risk Management Fees Structure
Fee type | Fee amount in INR |
Business Risk Management fees | Rs. 77,609 |
The Business Risk Management fees are Rs. 77,609. The full payment should be made at the time of registration or the candidates can choose the split method of payment to pay the fee in 3 installments. If the split payment option is chosen by the candidate, they will have to pay a 3% extra amount as an admin fee. The payment can be made using a credit/debit card or EFT/bank transfer.
Installment Plan
| 1st installment | Required before: 2025-01-21 | Amount Due: ₹25,870.00 INR |
| 2nd installment | Required before: 2025-02-20 | Amount Due: ₹25,870.00 INR |
| 3rd installment | Required before: 2025-03-22 | Amount Due: ₹25,869.00 INR |
Eligibility Criteria
Certification Qualifying Details
To qualify for the Business Risk Management certification, Candidates will have to finish the online course modules along with projects, assignments, live polls, and quizzes. Candidates must fulfill the minimum attendance criteria. The Evaluation is based on a series of submitted practice sets and exams. Candidates must compulsorily meet all the requirements mentioned in the coursebook to qualify for the certification.
What you will learn
After completing the Business Risk Management online training, Candidates will learn the basics of Financial management and understand how to create a risk assessment and risk management processes for a company. Learners will be able to identify, analyze, prioritize, and manage possible risks to a specific project or organization and develop the skills necessary to establish their own business risk management plan to present to a management board or prospective buyers.
Who it is for
- Business owners, Risk management analyst, Risk management specialist and investors whose work concentrates on a corporation's adherence, legality, and business procedures.
- Professionals in managerial positions in any firm who wish to get a fundamental grasp of protecting their organisation from potential threats should take this course.
Admission Details
To get admission to the Business Risk Management online certification course, follow the steps mentioned below:
Step 1. Open the business risk management course page.
Step 2. Click on the ‘Register Now’ button on the course page
Step 3. Read the course provider's terms and conditions and accept to proceed.
Step 4. Make your profile on the Getsmarter website by filling in the details
Step 5. Fill in the billing details and sponsor details.
Step 6. Pay the course fee and begin the online class.
The Syllabus
- Discuss the historical context within which the field of risk management was established
- Demonstrate how the nature of risks and risk management changed in the 20th century
- Discuss the meaning of risk
- Identify several definitions relevant to the field of risk management
- Identify basic concepts in the field of risk and risk management, as well as its key historical influences
- Identify the foundations of risk and risk management to given scenarios or situations
- Use the risk maturity levels to indicate how well risk management is integrated within a business
- Identify the reasons for the local and international adoption of risk management processes
- Use the ISO 31000 international standard for risk management
- Discuss the approach and responsibility for corporate governance in accordance with King IV
- Explain COSO and the risk management processes it emphasises
- Apply risk management frameworks based on leading international risk management literature to both theoretical and practical examples
- Describe how to promote a strong risk culture in your organisation
- Show how corporate governance, enterprise risk management, and compliance overlap
- Recognise the importance of abiding to an industry’s legislation, codes, and regulations in order to achieve compliance
- Identify the three lines of defense that act as your organisation’s buffer against risks
- Describe the influence of uncertainty on decision-making and the different attitudes businesses can adopt towards risks
- Explain the important concept of marginal utility and its influence over decision-making
- Describe several of the most influential decision-making theories that risk management experts use today
- Explain how 'Black Swan' events impact risk management
- Use quantitative decision-making techniques to reduce the extent of uncertainty associated with business decisions
- Articulate the definitions, advantages, and drawbacks of selected quantitative decision-making theories
- Apply quantitative decision-making theories to practical examples
- Illustrate the Gambler’s Fallacy as a decision-making theory in terms of personal and corporate experience
- Discuss aspects of the Jungian model of personality types
- Identify the different Myers-Briggs personality types
- Show how to utilise various styles of influencing to improve decision-making
- Describe four tools used in strategic decision-making practices
- Use a four-stage approach to strategic decision-making
- Identify the components of a SWOT analysis and how it is used
- Describe risk by considering the frequency of occurrence or timeline associated with it
- Apply various risk identification and risk assessment methods
- Explain macro and micro risks, the two main types of risk
- Use Porter’s Five Forces analysis to identify various influences in a market
- Categorise risks for further analysis, considering time-related elements
- Categorise risks into broad categories and, if possible, into underlying events
- Identify and discuss the risks faced by a business entity
- Apply the four fundamental elements that determine risk scope
- Use the Risk Rating Matrix to determine the severity of risks
- Assess risks using qualitative and quantitative factors
- Demonstrate how to plot risks once they have been assessed
- Compare qualitative and quantitative assessment techniques
- Assess risks to determine their position on the Risk Ratings Matrix
- Use the preliminary risk response checklist
- Demonstrate how to determine your business’ risk tolerance
- Identify the four primary risk response strategies
- Describe derivatives and financial hedging instruments
- Discuss practical issues associated with risk response strategies
- Show how risk management and ethical concerns overlap
- Identify the elements that influence organisational culture
- Show how effective enterprise risk management (ERM) can guide an organisation towards more sustainable business practices
- Apply risk reporting best practices
- Use reporting tools to improve the effectiveness of your report
- Discuss the significance of result-orientated communication for risk reporting
- Using a real-world example, write a risk report for a board
Instructors
UCT Cape Town Frequently Asked Questions (FAQ's)
Business Risk management is the method of developing and implementing policies to reduce the negative consequences of risk on an enterprise.
The 3 types of risk are Business risk, financial risk, and non-business risk.
Business Risk management is critical in an organisation as without it, an organisation cannot establish its long-term goals.
Retention, prevention, avoidance and sharing are the 4 ways of managing risk.
The Business Risk Management is a certification program offered by the University of cape town which teaches about corporate risk prevention techniques.